Wheat futures rose to $5.87 per bushel, rebounding from a near five-week low of $5.71 on April 10, as higher oil prices lifted concerns over fuel and fertilizer costs following the collapse of US-Iran talks and the risk of a blockade of the Strait of Hormuz. Crude surged roughly 8% to above $100 per barrel as the US Navy prepared potential action that could disrupt Iranian shipments. Elevated input costs are raising fears that farmers may scale back wheat planting, a crop that requires relatively heavy fertilizer use. The USDA recently projected US wheat acreage at the lowest level since records began in 1919, while drought across key growing regions has further pressured outlooks, with just 35% of winter wheat rated good to excellent. Still, wheat futures fell more than 5.5% in the past two weeks on expectations of ample supply.

Wheat rose to 593.75 USd/Bu on April 15, 2026, up 0.30% from the previous day. Over the past month, Wheat's price has fallen 0.59%, but it is still 8.40% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on April 15 of 2026.

Wheat rose to 593.75 USd/Bu on April 15, 2026, up 0.30% from the previous day. Over the past month, Wheat's price has fallen 0.59%, but it is still 8.40% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 580.75 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 616.11 in 12 months time.



Price Day Month Year Date
Soybeans 1,167.00 9.00 0.78% 1.02% 12.35% Apr/15
Wheat 593.75 1.75 0.30% -0.59% 8.40% Apr/15
Lumber 581.00 2.00 0.35% -3.65% 1.30% Apr/15
Cheese 1.67 0.0210 1.27% 2.64% -7.68% Apr/15
Palm Oil 4,472.00 6.00 0.13% -1.65% 11.60% Apr/15
Milk 16.89 -0.08 -0.47% 4.45% -2.26% Apr/15
Cocoa 3,573.12 -72.88 -2.00% 4.54% -55.73% Apr/15
Cotton 77.36 0.842 1.10% 13.45% 17.76% Apr/15
Rubber 202.60 0 0% 3.90% 22.79% Apr/15
Orange Juice 183.80 -8.70 -4.52% -8.01% -42.28% Apr/15
Coffee 297.91 0.31 0.11% 1.73% -20.95% Apr/15
Oat 345.75 1.2500 0.36% -4.03% -0.50% Apr/15
Wool 1,786.00 0 0% 0.17% 41.52% Apr/15
Rice 10.91 0.1200 1.11% -4.17% -18.62% Apr/15
Canola 717.56 0.96 0.13% 2.13% 6.71% Apr/15
Sugar 13.69 -0.40 -2.84% -3.52% -23.34% Apr/15
Corn 451.25 8.2500 1.86% -0.61% -6.81% Apr/15



Related Last Previous Unit Reference
United States Corn Stocks 9.02 13.28 Billion Bushels Mar 2026
United States Soybean Stocks 2.10 3.29 Billion Bushels Mar 2026
United States Wheat Stocks 1.30 1.68 Billion Bushels Mar 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
593.75 592.00 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Futures Rebound from 5-Week Low
Wheat futures rose to $5.87 per bushel, rebounding from a near five-week low of $5.71 on April 10, as higher oil prices lifted concerns over fuel and fertilizer costs following the collapse of US-Iran talks and the risk of a blockade of the Strait of Hormuz. Crude surged roughly 8% to above $100 per barrel as the US Navy prepared potential action that could disrupt Iranian shipments. Elevated input costs are raising fears that farmers may scale back wheat planting, a crop that requires relatively heavy fertilizer use. The USDA recently projected US wheat acreage at the lowest level since records began in 1919, while drought across key growing regions has further pressured outlooks, with just 35% of winter wheat rated good to excellent. Still, wheat futures fell more than 5.5% in the past two weeks on expectations of ample supply.
2026-04-13
Wheat Prices Plunge as USDA Boosts Global Stock Forecast
Wheat futures fell to $5.7 per bushel, marking the lowest level since early March and heading for the sharpest weekly decline since June, after the USDA’s latest WASDE report raised its global stock forecast. The agency now projects world wheat inventories at 283.12 million metric tons for the 2025/26 marketing year, up from 276.96 million tons and exceeding market expectations, driven by stronger harvests in Russia and the EU. The report also noted improving US crop conditions and a generally robust global supply outlook. However, Commerzbank anticipates a price rebound in the coming months, arguing the recent drop may be overdone given downside risks to the new harvest, including fertilizer shortages tied to the Iran conflict.
2026-04-10
Wheat Hits 4-week Low
Wheat decreased to 577.50 USd/Bu, the lowest since March 2026. Over the past 4 weeks, Wheat lost 3.3%, and in the last 12 months, it increased 6.64%.
2026-04-08